But even assuming that you itemize deductions and already have sufficient miscellaneous deductions to exceed 2% of AGI, the max financial benefit you'd get from a $176 loss is about $70, assuming your at the max 39.6% marginal tax rate. If you're at the 25% rate, the savings would be about $44. (state tax may incrementally add to this).

Once you close out a Roth and remove the money, you cannot put it back. Assuming your AGI does not disqualify you from contributing, and assuming you, or your spouse, has sufficient earned income to contribute, you can certainly make additional contributions...but you can't put the $324 back.

And there are reasons that the investment held inside the Roth has lost value. If the Roth investment were part of an overall asset allocation for all your investments, and the Roth happened to be holding some asset class that has lost value since 5 years ago, then it would make sense to stay as you are (I kinda doubt this...but it is possible).

But if, as I suspect, this was an investment recommended by a stock broker, this should serve as a lesson to quit listening to stock brokers (aka 'Financial Advisors'), get the remaining money transferred to Fidelity, Schwab or Vanguard, and start learning how to make your own investment decisions.

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